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To: Jess Beltz who wrote (7641)2/17/2000 6:52:00 PM
From: Elroy  Read Replies (1) | Respond to of 9236
 
Now clearly not all of the shares traded during that time were short covers, but still, the short interest could be drying up soon. I'm thinking that 1,000,000+ shares might be gone already. The problem is, without daily numbers, we simply don't know. jess.

That's true, but what would you do with the information anyway? It's interesting (sort of), but what would you do differently if short interest today were 0 shares? 1 million shares? 3 million shares? Do you really use it for trading?

Elroy



To: Jess Beltz who wrote (7641)2/17/2000 7:27:00 PM
From: KHS  Read Replies (1) | Respond to of 9236
 
Jess, I figure short interest was approx 15% of the float and therefore I figure 15% of the buying during the last 4 to 5 days we had large moves was covering.

Also shorts that have been covering the last few days are buying shares from new short sellers. So it goes on and on.

Something special is happening lately. Rotation out of larger cap NYSE stocks into smaller caps. With emphasis into communications.

I would not be surprise to see us at 90 by middle of next week.

I had 330 call contract yesterday morning now have 120. I am holding these contracts and my stock tightly.

Good luck to all.